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QatarEnergy renews development contract | |
| Sumita Pawar |
According to the media, QatarEnergy has renewed a 5-year agreement with Japan’s Qatar Petroleum Development Co. (QPD) for the continued development and production of the Al-Karkara and A-Structures oil fields, located in the territorial waters of the State of Qatar.
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As mentioned in the report, the new agreement, which commences on December 23, 2022, succeeds the development and production sharing agreement signed in December 1997.
Under the new agreement, QPD, which is owned by Cosmo E&P and Sojitz, will continue to act as the operator of the oil fields.
According to the report, Al-Karkara and A-Structures are offshore fields located about 90 kilometres to the east of Doha and consist of three small fields: Al-Karkara, which was discovered in 1988, and A-Structures (A-North and A-South), which were discovered in 1971.
At first, the fields weren't thought to be good for business, but in the late 1990s, QPD was able to show that they were.
The fields started production in March 2006 and have since produced a total of 33.5 million barrels of crude oil, according to the report.
Both of the fields are the first in the State of Qatar to achieve zero gas flaring by re-injecting the excess sour gas underground.
By Sumita Pawar